Fujitsu says in talks to sell mobile phone business to Polaris

Fujitsu Ltd said on Friday it was in talks to sell its mobile phone business to private equity firm Polaris Capital, a deal that the Nikkei newspaper reported could be worth around up to 50 billion yen ($455 million).

The Nikkei reported that an official agreement was expected to be inked by the end of the month.

The Japanese company said in a statement the report was not based on something it had announced and that no decision had been made.

($1 = 109.6800 yen)

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